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SHE:002938

11 stories mentioning SHE:002938Updated just now

Every FINWIRES story that references SHE:002938, newest first.

Asia

Avary Subsidiaries Secure Multi-Currency Credit Facilities

Avary Holding Shenzhen's (SHE:002938) board approved a series of new and renewed credit facility applications for its subsidiaries, according to a Wednesday filing on the Shenzhen bourse.The Chinese printed circuit board manufacturer will apply for a new credit facility worth 2.40 billion yuan at the Shenzhenbranch of China Merchants Bank (SHA:600036, HKG:3968) through its subsidiary Qingding Precision Electronics.Another subsidiary, Peng Shen Technology (Thailand), will renew its $60 million and $110 million credit with Standard Chartered (HKG:2888) and Bank of America, respectively.Peng Shen will also expand its credit line with United Overseas Bank (SGX:U11) by an additional $100 million.Avary's shares jumped 5% during morning trade on Wednesday.

HKG:2888HKG:3968SGX:U11SHA:600036SHE:002938
Asia

Avary's H1 Profit Rises 4%, Revenue Climbs 5%; Shares Up 5%

Avary Holding Shenzhen's (SHE:002938) net profit attributable to shareholders in the first half rose 4.1% to 1.28 billion yuan from 1.23 billion yuan a year earlier, according to a Wednesday disclosure on the Shenzhen bourse.Earnings per share rose 3.8% year on year to 0.55 yuan from 0.53 yuan.Operating revenue climbed 5.1% to 17.2 billion yuan from 16.4 billion yuan in the prior year.The Chinese printed circuit board manufacturer's shares jumped 5% during the morning trade.

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Asia

Avary Holding's Operating Revenue Rises 7% in July; Shares Up 9%

Avary Holding Shenzhen's (SHE:002938) operating revenue for July jumped 6.6% year on year to 3.20 billion yuan, according to a Shenzhen bourse filing on Friday.The Chinese printed circuit board manufacturer's shares climbed 9% during the morning trade.

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Asia

Avary to Invest 10 Billion Yuan in AI-Focused Shenzhen Plant

Avary Holding Shenzhen (SHE:002938) plans to invest 10 billion yuan to build the Shenzhen Third Park in Bao'an District, Shenzhen.The project is an artificial intelligence high-order substrate-like printed circuit board and flexible printed circuit board intelligent manufacturing base, according to a Friday filing with the Shenzhen bourse.Construction is slated to start in July, with commercial production by 2033.Shares of the printed circuit board manufacturer rose 2% in recent trade.

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Asia

Avary to Raise 9.60 Billion Yuan From Share Placement

Avary Holding Shenzhen (SHE:002938) plans to raise up to 9.60 billion yuan through a private placement of shares, according to a Saturday filing on the Shenzhen Stock Exchange.The company plans to place up to 231,753,665 shares, or 10% of its total share capital, to up to 35 investors.The net proceeds will be deployed to fund the construction of its Qingding AI server and high-speed optical module high-density interconnect (HDI) build-up board project, which has a total planned investment of 12.73 billion yuan.The Chinese printed circuit board manufacturer's shares slipped nearly 2% during Monday's morning trade.

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Asia

Avary Pours 7.18 Billion Thai Baht Into Peng Shen Technology

Avary Holding Shenzhen (SHE:002938) will inject 7.18 billion Thai baht in capital into Thai subsidiary Peng Shen Technology.The amount will fund the investment and construction needs of the company's Thailand park, according to a Tuesday filing with the Shenzhen bourse.The funds will flow through Avary International and Singapore Avary before reaching Peng Shen Technology.Shares of the printed circuit board manufacturer closed 4% higher Tuesday.

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Asia

Avary Holding Subsidiary to Get NT$2 Billion Capital Injection

Avary Holding (SHE:002938) subsidiary Pengding International will inject NT$2 billion into Pengding Technology, according to a Tuesday filing with the Shenzhen bourse.

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Asia

Avary to Invest in Fuxi Semiconductor Via 21 Million Yuan Subscription in Partnership Fund

Avary Holding Shenzhen (SHE:002938), through subsidiary Holdings Investment (Shenzhen), plans to indirectly invest in Fuxi Semiconductor (Shenzhen) by subscribing 20.9 million yuan to a partnership fund, according to a Shenzhen bourse filing on Friday.The Shenzhen Liandao Zetai Investment Partnership (Limited Partnership) was set up to raise the capital of Fuxi Semiconductor to 43 million yuan from 1.11 million yuan.The Chinese printed circuit board manufacturer will own 48.6% of the seven-year partnership fund after the investment.The company's shares rose ovewr 1% in morning trade on Friday.

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Asia

Avary's Operating Revenue Rises 20% in May

Avary Holding Shenzhen's (SHE:002938) consolidated operating revenue for May rose 20% year on year to 3.10 billion yuan, according to a Saturday filing on the Shenzhen bourse.The Chinese printed circuit board manufacturer's shares fell 2% during Monday's morning trade.

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Asia

Jefferies Adjusts Avary Holding (Shenzhen)'s Price Target to 85 Yuan From 65 Yuan, Keeps at Buy

Avary Holding (Shenzhen) (SHE:002938) has an average rating of overweight and mean price target of 70.42 yuan, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

SHE:002938
Asia

Avary Q1 Profit Down 5%, Revenue Slides 1%

Avary Holding Shenzhen (SHE:002938) posted first-quarter attributable net profit of 462.7 million yuan, down 5.2% from 488.2 million yuan the previous year.Earnings per share slid to 0.20 yuan from 0.21 yuan, according to a Thursday filing with the Shenzhen bourse.The printed circuit board manufacturer's operating revenue declined 1.3% year over year to 7.99 billion yuan from 8.09 billion yuan.

SHE:002938

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